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Two: (14 points) Moath Company reports the following for the month of June. Date Explanation June 1 Inventory June 12 Purchase June 23 Purchase June
Two: (14 points) Moath Company reports the following for the month of June. Date Explanation June 1 Inventory June 12 Purchase June 23 Purchase June 30 Inventory Required: Units 400 800 600 700 Unit cost Total cost $5 $2,000 6 4,800 7 4,200 Compute the cost of ending inventory and cost of goods sold at June 30 using the FIFO and LIFO and weighted average methods. ==
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